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Britain's easyJet raises profit forecast after strong passenger growth

Britain's easyJet raises profit forecast after strong passenger growth

British budget airline easyJet raised its profit forecast Friday as it reported a 9.8 percent gain in passenger traffic in September compared with a year earlier.
Passenger numbers rose 12 percent to 32.95 million in the 12 months through September, easyJet said in a statement. Total revenue for the period jumped 21 percent to 1.62 billion pounds (euro2.4 billion; US$3.05 billion).
Average fares climbed 7.8 percent compared with the previous year.
"As a result, easyJet now expects pre-tax profit for the year ended 30 September 2006 to be slightly ahead of its previous guidance for pre-tax profit growth of 40 percent to 50 percent," the company said.
In the previous fiscal year, easyJet reported a 3.7 percent rise in annual net profit to 42.6 million pounds (euro63.2 million; US$80.2 million) on revenue of 1.3 billion pounds (euro2.45 billion; US$2.2 billion).
Shares in easyJet were up 1.3 percent at 504.75 pence (euro7.48 US$9.51) on the London Stock Exchange.


Updated : 2020-12-02 18:29 GMT+08:00